Location: Plumas County, CA | Metro: Plumas County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The market in ZIP code 96129 presents a dynamic scenario that is indicative of housing pressures currently at play. With a Fair Market Rent (FMR) of $1,410 for fiscal year 2026, it's clear that rental costs are a significant consideration for residents. Although the current market rent is not available, the FMR provides a benchmark against which potential rents can be compared.
The median home value of $369,979 suggests a stable real estate environment, but without historical data, it's difficult to ascertain whether this value is rising or falling. The snapshot of the market indicates a substantial portion of the population are renters, with 34.2% of the residents living in rented accommodation. This high percentage of renters points to a continuous demand for rental properties, which could translate into long-term housing pressure if the trend persists.
A high renter share often implies challenges for homeownership due to various factors such as affordability, job market conditions, or lifestyle preferences. In ZIP 96129, this could mean that a considerable number of individuals are likely to remain in the rental market, creating a steady demand for rental units. However, the lack of data on the percentage of price-cut share and days on market (DOM) makes it challenging to determine if supply is currently outpacing demand or vice versa. These metrics would provide insight into the balance between the number of available rental properties and the number of potential tenants looking for homes.
In conclusion, ZIP 96129 appears to be a market characterized by a strong rental sector, driven by a significant portion of the population choosing to rent rather than buy. Landlords and small-portfolio investors should pay close attention to the FMR and the overall trends in the local economy to make informed decisions about their investments.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.